USDCAD Weekly Analysis – September 20, 2014

USDCAD remains in uptrend from 1.0619, the price action from 1.0985 could be treated as consolidation of the uptrend. Support is at 1.0800, as long as this level holds, the uptrend could be expected to resume, and another rise towards 1.1500 is still possible. Only break below 1.0800 support will indicate that the uptrend is complete, then the following downward movement could bring price back to 1.0400 area.

usdcad chart